RoosterMoney: Manage Allowance and Track Chores
By World Learning Ltd
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The RoosterMoney Allowance and Chores Tracker for parents and children helps families manage allowance, chores and rewards and teach children the value of money. Available in any currency.
RoosterMoney Allowance and Chores Tracker gets allowance sorted. It transforms the way you give pocket money and your child's allowance, by making it simple for parents and fun for kids. Parents remain the Bank of Mom and Dad and no deposits are required to start using RoosterMoney.
Parents sign up to record the pocket money comings and goings for their children. Each child has an account too and can check their statement and savings, create saving goals and choose what they want to save for.
Key Features for Parents:
- Set up a pocket money routine for your kids; issuing allowance automatically each week or on an ad hoc basis in your preferred currency (£, $, € and more).
- If your children aren't ready for using real money, you can also award stars, RoosterMoney acts as an online Reward Chart!
- View current balances and statements.
- Boost allowance for jobs, achievements or gifts.
- Remove allowance and hand it to your kids so they can spend it at the shops.
- Take pictures of things at stores and set these as savings targets for your kids to save up for.
- Lock their allowance in an instant.
Key Features for Kids:
- Take control of your allowance.
- Know how much money you have and how it has been saved and spent by checking your statement.
- Create goals to save for and choose how much to add to each goal.
- Save money to add to a Savings Account using our Safe function.
- Customize your Dashboard theme and make your account your own.
What is RoosterMoney?
Our mission is a simple one. We provide easy and engaging tools that help parents to raise money-wise kids.
RoosterMoney was born out of Roosterbank, a virtual world we built back in 2013. We’re building a product and platform that will change the way in which kids manage and learn about money. We are also working closely with schools, coding clubs and other financial organizations to create immersive experiences for kids learning about money.
We set out to sort a specific problem: Allowance is a great idea in principle. But finding a system that works for your family is hard, particularly when you’re juggling the weekly shop, work emails and soccer practice. And everything else for that matter.
We believe in the power of allowance to transform children’s understandings of money – whether you give them 20¢ a week or $10. And we think these lessons are best learned by keeping things simple for parents and fun for kids. Importantly we think the best things are learned together.
What Parents think
“Pocket money issues used to stress me out no end and now it is all just FUN! I tried so many times writing things in cash books & various money boxes but nothing really worked until I found Roosterbank.” Annabel, mom of three.
“The beauty of RoosterMoney is that it manages pocket money in a virtual way that is perfect for parents like me who do not deal in cash.” Wendy, mom of one.
“Before using RoosterMoney, they would receive ad-hoc amounts from friends and family and would store it all over the place. They now know exactly how much they have and how long they have been saving for.” Lucinda mom of three.
“I love that Georgie is learning she has to save and budget for things she wants and she’s doing it in a really safe and fun way.” Mandy, mom of two.
What's New in Version 3.1.2
Our latest update has made it much easier to add extra parents or guardians to your family account!
Whether it's Mum, Dad or 'Generous Aunt Peggy' you want to add, simply tap the 'email' or 'text' button under 'Account Settings > Add Parent/Guardian' to send them a quick invite.
So, if your kids do get regular money from anyone other than yourself, now's the time to add them to RoosterMoney :-)
As always, if you have any feedback on this update, or just want to say 'hi', you can find us at email@example.com
Have been using this app for about 6 months and it has made life at home massively easier. No more arguing about whether or not allowance was paid. It's easy to add bonus amounts when you need to. Best of all we've been using it to help our kids think more carefully about the things they want to buy and the trade-offs they have to consider when they can't afford everything.
I recommend this app to every single parent I speak to.
I love how my child can have a clear idea how earn money works and the value to save for a goal. Just what we need it!
When you're brain is so mushy you can't even remember if you had your morning coffee or not...and your child says, "Can I have this with my five dollars?" And then you think maybe they already spent that $5 but again...you can't remember...Rooster Money saved me from letting my kids spend the same five dollars five different times!! Thank you for being my brain, Rooster Money, and for teaching my kids to save and set goals!!!